Batista de Lima Filho Pedro 4
4 · AXIA Energia S.A. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
AXIA Energia (AXIA3) Director Pedro Batista de Lima Filho Sells Shares
What Happened
- Pedro Batista de Lima Filho, a director of AXIA Energia S.A., reported four derivative dispositions on July 7, 2026: 4 separate redemptions of 100 class "C" preferred (PNC) shares each, at $9.90 per share. Total proceeds were approximately $3,960. The transactions are reported as code “J” (other acquisition/disposition) because the PNC shares were mandatorily redeemed for cash under the company bylaws.
Key Details
- Transaction date: 2026-07-07; Price: $9.90 per share (converted from BRL 52.00 using a Treasury exchange rate) (see footnote F2).
- Shares disposed: 4 × 100 PNC shares = 400 shares; Total value ≈ $3,960.
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes:
- F1: PNC shares are subject to automatic conversion/redemption rules in the bylaws; these PNCs were mandatorily redeemed for cash.
- F3–F8: Mr. Filho is a partner at Radar Gestora, which manages several funds (Maliko, Manuka, Radar, Infrad, Tucurui, Xingo). He may be deemed to indirectly own shares via those funds but disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Reported and filed on 2026-07-07 (timely).
Context
- These were redemptions of preferred-class shares (derivative items), not open-market sales of common stock. Code J indicates “other” disposition—here, a mandatory cash redemption under AXIA’s bylaws.
- The monetary amount is modest (~$3.96k); such routine redemptions or small disposals generally carry limited indicative value about management sentiment.
Insider Transaction Report
Form 4
AXIA Energia S.A.AXIA3
Batista de Lima Filho Pedro
Director
Transactions
- Other
Class "C" Preferred Shares
[F1][F2][F3]2026-07-07$9.90/sh−100$990→ 4,813,851 total(indirect: By managed account)→ Common Shares (100 underlying) - Other
Class "C" Preferred Shares
[F1][F2][F4]2026-07-07$9.90/sh−100$990→ 1,665,138 total(indirect: By managed account)→ Common Shares (100 underlying) - Other
Class "C" Preferred Shares
[F1][F2][F5]2026-07-07$9.90/sh−100$990→ 1,527,452 total(indirect: By managed account)→ Common Shares (100 underlying) - Other
Class "C" Preferred Shares
[F1][F2][F6]2026-07-07$9.90/sh−100$990→ 1,389,038 total(indirect: By managed account)→ Common Shares (100 underlying)
Holdings
- 60,740(indirect: By managed account)
Class "C" Preferred Shares
[F1][F7]→ Common Shares (60,740 underlying) - 79,809(indirect: By managed account)
Class "C" Preferred Shares
[F1][F8]→ Common Shares (79,809 underlying)
Footnotes (8)
- [F1]Pursuant to Article 11 of the Bylaws of AXIA Energia S.A. (the "Company"), the class "C" preferred shares ("PNC Shares") shall be automatically converted into Common Shares, assuming such PNC Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: 4% of the total volume of originally-issued PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031. The PNC Shares reported herein were mandatorily redeemed for cash in accordance with the foregoing.
- [F2]The redemption price, $52.00 Brazilian reals ("BRL") per share, has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of March 31, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
- [F3]Pedro Batista de Lima Filho ("Mr. Filho") is a partner at Radar Gestora de Recursos Ltda. ("Radar Gestora"), which is responsible for the portfolio management of MALIKO INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Maliko") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Maliko. For the purposes of this filing, each of Maliko and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Maliko or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise.
- [F4]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of MANUKA INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Manuka") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Manuka. For the purposes of this filing, each of Manuka and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Manuka or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F5]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of RADAR MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Radar") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Radar. For the purposes of this filing, each of Radar and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Radar or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F6]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of INFRAD MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Infrad") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Infrad. For the purposes of this filing, each of Infrad and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Infrad or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F7]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of TUCURUI MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Tucurui") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Tucurui. For the purposes of this filing, each of Tucurui and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tucurui or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F8]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of XINGO MASTER FUNDO DE INVESTIMENTO FINANCEIRO DE ACOES ("Xingo") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Xingo. For the purposes of this filing, each of Xingo and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Xingo or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
Signature
/s/ Pedro Batista de Lima Filho|2026-07-07